1.
General Information
33 Croydon Road RTM Company Limited
is a private company, limited by guarantee, incorporated in England & Wales, registered number
12701639
. The registered office is North Lodge Hawkesyard, Armitage Lane, Rugeley, WS15 1PS.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
4.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
|
|
|
||
33 Croydon Road RTM Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
5.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Accruals and deferred income |
|
|
|
|
|
|
||
6.
Reserves
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Deficit for the year
|
(760)
|
||
|
Tenants funds introduced
|
7916
|
7916
|
|
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
||
|
At June 2023
|
7916
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
7156
|
These reserves are funds introduced from the previous Right To Manage company.
7.
Company limited by guarantee
33 Croydon Road RTM Company Limited is a company limited by guarantee not having any share capital. At 30 June 2025 there were 7 members (2024: 5). Each member is obligated to contribute to the company a sum of £10 in the event of the company being wound up whilst they are a member, or within one year after they have ceased to be a member, for payments of debts and liabilities of the company contracted before they cease to be a member, and of the costs, charges and expenses of a winding up and for the adjustments of the rights of the contributors amongst themselves.